Paysafe shareholders revolt over directors' pay

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More than half of online payment company Paysafe’s shareholders have voted against the company directors’ latest wage package, after its chief executive’s salary increased by 47pc in a year.

According to Paysafe’s annual report, chief executive Joel Leonoff received a £536,000 salary for 2015, compared to £364,000 for 2014. When added to benefits and bonus, plus £5.1m of long term incentive payments, his total pay package for 2015 was more than £6.7m, up almost 35pc on the £5m he received in 2014.

At today's annual general meeting 52pc of shareholders voted against the pay deal. It is understood they were unhappy with the salary increase, which came about as a result of the company entering the...